Page 3 Advertisements Column 3

Gisborne Times, Volume XVIII, Issue 1479, 13 June 1905, Page 3

PROSPECTUS OK THEi GISBORNE FARMERS’ UO-OPERATIVE COY., limited,

I,'illio Memorandum and Articles o of Association were duly registered on the 20th day. of February,, 1005,, ■2. The proposed Directors of tho Company who are to hold ollico .until tho first Ordinary Mooting of the Company, .which shall he held after the Statutory Meeting, if tho Statutory Mooting shall confirm, such appointment, are J.OIJN CLARK,, ,Tq Arai, Shcopfarmer. FRANK BRAYTON BARKER, Gisborne, Shoenfarmer., .WALTER RICI-lARD BARKER, Oisborne, Slieepf armor. WILLIAM KNOX CHAMBERS, Repongaere, Shcepfarmer. PHILIP THORNTON KEiN.WAY, Whataupoko, Shcepfarmer. CECIL ALBERT, DoLAUTOUR, Gisborne, Sbeopfarmer. CHRISTOPHER JOHN PARKER, Te Arai, Shcepfarmer.

WILLIAM TOMB LESSON, Patutahi, Shoeiifarmer. 3. Tlic Broker for tlio Company is Mr. Thomas Coleman, of Gladstone road, Gisborne, Accountant. it, TEc objects and powers of the Company aro set out in the Memorandum of Association, which forms part of this Prospectus. 5 Tiie Capital of tho C.ompauy is £IOO,OOO, divided into 50,000 shares of £2 each. Of these 20,000 are Preference Shares, 30,000 are Ordinary SharcSj. total 50,000 Shares. Tho rights - attaching to the vari-

oua classes o£ Shares are fixed by; the Memorandum of Association and the Articles of Association. The Preference Shares entitle the holders thereof Subject to the creation and maintenance of a Reserve Fum'd and for all the purposes of Article No. 6 hereunder, to a fixed cumulative preferential dividend at the rate of 8 per centum per annum on the amount paid up thereon for the time being. The Ordinary. Shares entitle the holders thereof : Subject to the creation and maintenance of a Reserve Fund and for all the purposes of Article I ■No. G hereunder, and subject to j .the right of holders of Preference Shares to a fixed non-cumulat’ive ! preferential dividend at the rate of 6 per centum per annum. 6, 15.1G1 Preference Shares and 2000 Ordinary Shares are now, offered to thfi_p;U'blic for subscription, to be paid as follows : 5s per Share on application. 5s per Share on allotment. 10s per Share at three months after alioUnent, and the remaining 20s per share shall bo payable as the same may be called up by, the .Directors in accordance witu the Articles of Association. Or alternatively the applicant upon allotment may give a Promissory Note at sixi months with interest added at the rate of 6 per cent, for the sum of 5s per. Share due upon allotment, and the sum of 10s per Share due three months after, allotment. NO.TK, —The Promoters do not consider; i,t will be necessary or desirable to call ,up more than 20s per Share, but they, do not guarantee this or assume in any way to bind the Directors hereafter to, he appointed by the Shareholders. 7, The Company has privately offered the Preference Shares to the Shareholders of the Gisborne Sheepfarmers’ 1 ' Frozen Meat Company, Limited, as required by the Articles of Association, and. 1839 Shares have been subscribed, and the amount paid on suoh Shares is d 11,259 15s- ’.The list of Subscribers to the date of the time of this Prospectus can be seen at the office of Mr Thomas Coleman, in .Gladstone road. j

[ 8. The minimum subscription on which the Directors may proceed ‘to allotment is 7500 Shares (inclusive .ui the Shares already subscribed by Shareholders in the Gisborne Sheepfarmers’ Frozen ’ Meat .Company, Limited),, 9., This Company, has been formed for the purposes of : First, enabling the Farmers gi the East Coast, by co-operation, in carrying on all kinds of Commercial and Mercantile general business, inclusive of public and. pnivate sales of lands and live stock and shipping (as agents or otherwise),, to obtain for themselves the large profits now, reaped by, other persons and companies in the sale apd distribution of all kinds of farming produce,, and (secondly), in the supply to farmers,, retail storekeepers and the general public of all manner, and kind, pf goods, chattels, and pfl'ects. from time to time required. 10. The preliminary expenses of and incidental to the formation and establishment of the Company, and until the Company shall be entitled to commence business are estimated to, amount to £l5O, and .will be borne by the Company. 11. .The Company, has agreed to pay, to the Broker, a commission.' at the rate of not exceeding £2 10s per cent, on, all Shares of which he procures the subscription.

12. A Director s! qualification shall he 50 shares, and he runst also he a qualified Shareholder,., 13., The Company, liaa adopted ■Table A ol “ The Companies Act, 1903,” except as added to and modified by. the general Articles oi Association, which form part of this Prospectus. 14. Applications for Shares should ho sent to Mr Thomas Coleman, Interim Secretary, together with the amount payable on application. If no allotment is made the deposit will be returned in full, and if the number of shares allotted is less than the number applied for the balance of the application money will be applied in reduction ol' the allottee’s future liability on the Shares allotted. Copies of the Prospectus and Forms o£ Application for Shares may be obtained at the office of Mr Thomas Coleman. 15. This Prospectus has been, duly filed with the Registrar; of Joint Stock) Companies, (Signed) W. K. CHAMBERS. W. R. BARKER. H. B. BARKER. C. A. DeLAUTOUR. JOHN CLARK. PHILIP T. KENWAY. WM. TOMBLESON. C. J. PARKERDated the 18th day of May, 1905., .Witness to the above Signatures— T. A. COLEMAN, Accountant, Gisborne.,

NOTE. A “ qualified Shareholder ” means any Shareholder being a Sheepfarmer, Farmer, or Dairyman holding shares constituting a qualification, according to the stock or agricultural and hold by him evidenced by the Government Stock Returns or Agricultural Statistics immediately prior to such shares being taken up, under the. following aoale : SHEEPFABMEES. Who own 500 cheep or upwards. ] j Shares Every 1000 sheep up to 15,000 ... 25 Every 1000 sheep over 15,000 and up to 25,000 .. .. ... 15 Every 1000 Bheep over 25,000 .. 10 FABMEES AND DAIEYMEN. Who own lees than 500 sheep. Every 50 sheep .. .. .. 2 Every 10 acres held for cropping .. 1 Every 5 cattle beasts .. .. .. 1 No “preference shares shalLbe allotted to any persons who are not “ qualified Shareholders,” or who with the shares so allotted would beoome “ qualified Shareholders.” Gopies of the Memorandum and Articles of Association may be seen at my office, Gladstone road. THOMAS A. COLEMAN, ■ Interim Secretary.